INNOVATION

Small Business Innovation Research (SBIR) ProgramAgency Small Business Administration
Program Description Encourages small business to explore their technological potential and provides the incentive to profit from its commercialization. By including qualified small businesses in the nation’s R&D arena, high-tech innovation is stimulated and the United States gains entrepreneurial spirit as it meets its specific research and development needs.Funding Range Up to $100,000 for Phase I; $750,000 for Phase IIEligibility Businesses

Small Business Technology Transfer (STTR) ProgramAgency Small Business AdministrationProgram Description Expands funding opportunities in the federal innovation research and development arena. Central to the program is expansion of the public/private sector partnership to include the joint venture opportunities for small business and the nation’s premier nonprofit research institutions.Funding Range Up to $100,000 for Phase I; $750,000 for Phase IIEligibility Businesses

Illinois Innovation Accelerator FundAgency PrivateProgram Description I2A is a Seed/Early Stage Venture Capital Fund focused on catalyzing and partnering with the next wave of successful entrepreneurial companies in the Illinois region.Funding Range $250,000 to $1,000,000Eligibility Technology enabled products and services, media and education products and services, and consumer and retail products